" />
" />
" />
" />
" />| Recent Featured Videos and Articles | Eastern “Orthodoxy” Refuted | How To Avoid Sin | The Antichrist Identified! | What Fake Christians Get Wrong About Ephesians | Why So Many Can't Believe | “Magicians” Prove A Spiritual World Exists | Amazing Evidence For God | News Links |
| Vatican II “Catholic” Church Exposed | Steps To Convert | Outside The Church There Is No Salvation | E-Exchanges | The Holy Rosary | Padre Pio | Traditional Catholic Issues And Groups | Help Save Souls: Donate |  |
Treasury: U.S. lost $11.2 billion on GM bailout
Drew Johnson leftlanenews.com The United States government announced this week that it lost $11.2 billion on its bailout of General Motors, or roughly $1 billion more than expected.
According to the report, released on Wednesday by the Treasury Department, taxpayers lost $11.2 billion on the United States' bailout of GM. The Treasury estimated the U.S. would lose about $10.3 billion on the deal when it sold its remaining shares in GM in December.
The U.S. government bailed GM out to the tune of $50 billion in 2009. Following the automaker's bankruptcy filing, the United States became a 61 percent owner of the company. The government slowly sold off its stake in GM in the subsequent years and completely divested its interest late last year.
to read more: leftlanenews.comSign up for our free e-mail list to see future vaticancatholic.com videos and articles.
Recent Content
^